Source Pravda.Ru

Sberbank's CEO Criticizes State Policies on Banks

The Russian government does not support banks that are ready to allocate credits to the real sector of the domestic economy, Sberbank's Chief Executive Officer Andrey Kazmin announced at a conference today. The conference was conducted by the Association of Russian Banks and called "Liberalization of the Banking Business and Banking Legislation: Problems and Outlooks." Kazmin stated there were a lot of flaws in tax legislation in regard to crediting, and the government did not find it necessary to resolve these problems as a priority. Among other problems that the banking community had been facing for a long time, Kazmin named crediting small businesses and individuals.

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